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Benzinga
Benzinga
Business
John Navin

NFTs Meet Real-World Art: Museum Tokenizes Rare Painting To Finance Its Acquisition

An art museum in Europe is planning on offering NFTs for sale in an effort to raise money for the purchase of real-world (non-NFT) art.

The highly respected Leopold Museum of Vienna would like to buy an Egon Schiele painting known as Leopold Czihaczek at the Piano, a famed 1907 work of the artist’s uncle playing the instrument, created when Schiele was just 16 years old.

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